GRAINS-Corn prices firm, move away from 3-week low

SYDNEY, Jan 9 (Reuters) - U.S. corn futures edged up on Tuesday to move away from a three-week low, but abundant global supply capped gains.


* The most active corn futures on the Chicago Board of Trade were up 0.1 percent at $3.47-3/4 a bushel by 0206 GMT. They closed the last session down 1.1 percent, having touched their lowest since Dec. 19 at $3.46-3/4 a bushel.

* The most active wheat futures were down 0.2 percent at $4.26-3/4 a bushel. They ended Monday down 0.7 percent, after marking their weakest since Dec. 29 at $4.25-3/4 a bushel.

* The most active soybean futures were unchanged at $9.66-3/4 a bushel, having closed down 0.4 percent on Monday.

* Analysts expect the U.S. Department of Agriculture to show abundant global grain and soy supplies in monthly and quarterly reports due on Friday. The reports tend to spur increased volatility in futures.

* Wheat prices have been supported by fears that frigid weather might damage crops across key U.S. producing regions, which are already struggling with persistent dry weather.

* The drought afflicting Argentina's soy belt is expected to worsen this week, pushing farmers to risk planting later than usual and raising the risk of frosts later in the season, a meteorologist and a farmer said on Monday.


* The euro languished on Tuesday after slipping from last week's high as investors were cautious after a months-long rally, while the dollar firmed against the yen though a lack of catalysts tempered its momentum.

* U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity.

* The S&P 500 extended its winning streak for 2018 on Monday, although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season.


1000 Euro Zone Unemployment Rate Nov

Grains prices at 0206 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 426.75 -1.00 -0.23% -0.93% 426.13 47 CBOT corn 347.75 0.50 +0.14% -1.00% 351.21 39 CBOT soy 966.75 0.00 +0.00% -0.41% 983.27 48 CBOT rice 12.01 $0.12 +1.01% +1.74% $12.18 46 WTI crude 62.17 $0.44 +0.71% +1.19% $58.64 76


Euro/dlr $1.197 $0.001 +0.05% -0.47% USD/AUD 0.7858 0.002 +0.23% -0.05%

Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential

(Reporting by Colin Packham; Editing by Joseph Radford)